Guaranteed Interest Rate definition

Guaranteed Interest Rate is the effective annual interest rate we will credit for a specified Guarantee Period. The Guaranteed Interest Rate will never be less than the minimum shown in the Schedule.

Guaranteed Interest Rate means the lowest rate of interest which an insurer may pay under the terms of a policy during the duration of the policy.

Guaranteed Interest Rate. The effective annual interest rate which we will credit for a specified Guarantee Period.

Examples of Guaranteed Interest Rate in a sentence

• Interest will be credited daily at a rate to yield the declared annual Guaranteed Interest Rate.

• No Guaranteed Interest Rate will be less than the Minimum Interest Rate shown in the Schedule.

• For the purposes of calculating the values in this column, it is assumed that the Initial Guaranteed Interest Rate (without the bonus) will continue as the new renewal interest rate in all years.

• Otherwise the MVA works as follows: If the interest rate available on new contracts offered by the company is LOWER than your Initial Guaranteed Interest Rate, the MVA will INCREASE the amount you receive.

• Any overpayments or underpayments made by us will be charged or credited with interest at 6% or the then current Guaranteed Interest Rate; we will choose which rate will apply on a uniform basis for like Contracts.

More Definitions of Guaranteed Interest Rate

Guaranteed Interest Rate means the effective annual rate at which interest accrues on amounts allocated to the Guaranteed Interest Option.

Guaranteed Interest Rate means the effective annual rate at which interest accrues on the amount in the Guaranteed Interest Division. The initial rate to apply is shown on Page 3 of this Contract. Section 2.03 describes determination of the rate to apply thereafter.

Guaranteed Interest Rate. The rate of interest credited by the Company on a compound annual basis during any Guarantee Period.

Guaranteed Interest Rate means the rate at which interest is payable by the Borrower on the Guaranteed Obligation under the terms of the Loan Agreement; provided, however, that the Guaranteed Interest Rate shall not include any amount of Default Interest.

Guaranteed Interest Rate means the effective annual rate(s) at which interest accrues on amounts in the Guaranteed Interest Account as described in Section 2.01. (If a Certificate uses the term "Guaranteed Rate Account" to refer to the Guaranteed Interest Account, then any reference in this Contract to the Guaranteed Interest Account will be deemed to mean the "Guaranteed Rate Account" described in such Certificate.)

Guaranteed Interest Rate means the effective annual rates at which interest accrues on the amount allocated to the Guaranteed Interest Option.

Guaranteed Interest Rate means, with respect to each Credit, the rate of interest specified in the relevant Ex-Im Bank Approval; provided, that if an alternative interest rate becomes applicable (a) in connection with an exercise of an Interest Rate Switch, or (b) as authorized by Ex-Im Bank in the relevant Ex-Im Bank Approval (or an amendment thereto); then in each such case the Guaranteed Interest Rate shall mean such alternative rate.3